1.5 BAC means the Newell Operating Company U.S. Benefits Administration Committee or its delegate, as provided for under Article XIII.
1.6 Beneficiary means the person, persons, or entity designated or determined pursuant to the provisions of Section 12.1.
1.7 BIC means the Newell Operating Company U.S. Benefits Investment Committee or its delegate, as provided for under Article XIII.
1.8 Board means the board of directors of the Company or its delegate.
1.9 Catch-up Contribution means, in the case of a Participant who will reach at least age 50 on or before the last day of a taxable year, such additional amount of Elective Deferrals that are permitted under Code Section 402(g)(1)(C).
1.10 Code means the Internal Revenue Code of 1986, as amended.
1.11 Committee means, as applicable, the GBOC, BAC and/or BIC, subject to their respective charters.
1.12 Company means Newell Operating Company, a Delaware corporation, or any successor thereto, or any delegate thereof.
1.13 Company Stock means the common stock of Newell Brands Inc.
1.14 Company Stock Fund means the Investment Fund maintained to invest primarily in shares of Company Stock.
1.15 Contribution means, as applicable, Catch-up Contribution, Matching Contribution, Pre-Tax Contribution, Rollover Contributions and Roth Contribution.
1.16 Covered Pay means the Participants earnings amount under subsection (a), subject to subsections (b), (c) and (d), as follows:
(a) Earnings. The Participants regular pay for services rendered as an Eligible Employee, plus any overtime pay, shift differential pay, vacation pay, holiday pay, sick pay, bereavement leave pay, jury duty pay, short-term disability pay paid by a Participating Employer, commissions and commissions-based pay, any payment classified by a Participating Employer as call-in pay, and any lump sum payment received in lieu of an increase in the Participants regular pay (as agreed to by a Participating Employer and any collective bargaining unit during the term of the applicable bargaining agreement). Covered Pay also includes any pre-tax elective deferral amounts under Code Sections 125, 132(f) or 402(e)(3).
(b) Excluded Amounts. A Participants Covered Pay shall not include the annual performance-based bonus and any other payment classified by a Participating Employer as a bonus, reimbursements or other expense allowances (including moving and automobile expenses), cash and noncash fringe benefits, severance pay, all income, including gain or loss, relating to Employer stock or stock options, contributions or benefits under this Plan or any other